Cryptocurrency is often mentioned as a real alternative to the usual means of payment. Someone considers it a product of the future and almost a panacea from the domination of the state financial system. Someone predicts a quick death of the idea of a fully virtual "money out of nowhere." So, is it evil or only the prospect of the development of the virtual payments market? Try to study bitcoin and its phenomenon in a little more detail.
Cryptocurrency: history and details
Cryptocurrency is a means of payment that exist in digital format and created on the basis of methods of cryptography, to put it simply encryption data.
The main features of cryptocurrencies are:
decentralizing the monetary system. All transactions, including the issue of a new currency, are recorded in a General history of each user. If you want you can trace the path of each unit to the moment of its appearance. This is why crypto-currency impossible to counterfeit, as it is impossible to completely remove the transaction history, because it is simultaneously saved on computers and servers millions of users around the world;
the anonymity of the transactions. Everything I know about you other users, is a set of symbols, the number of purse was a kind of anonymous;
the limitations in volume. Cryptocurrency end. For example, bitcoin ticks life span of 2131. It defines restrictions on the speed of their release and a significant resource-intensive creation of new currency units;
the minimum fee for transactions due to the lack of mediation in the framework of the turnover of the cryptocurrency.
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With what started the history of cryptocurrency?
The story started with bitcoin - the most popular and the very first of the cryptocurrency. Made him Satoshi Nakamoto is anonymous, which, presumably, lies a whole team of developers. The first bitcoin was released in 2009, and with it came new terms - mining cryptocurrency) miner (one who mines). Well, the very concept of cryptocurrencies was also displayed namely, the founding father of bitcoin.
After pioneer pulled and other. Today as an alternative Bickham there are litecoin, DogeCoin, NameCoin, Ripples. The difference between cryptocurrency is only used by encryption algorithms, the rate of emission and the maximum amount of "money" supply. And, of course, do not forget about security - bitcoins, because of the championship, still has a number of advantages that other cryptocurrencies difficult to challenge on an equal footing.
In fact, the main driving force behind the spread of bitcoin when it became the mechanism to obtain it. That is, the bitcoin was a payment for connecting a computer to a single network of users ready to provide the power of their PC to perform global tasks. Running the program automatically starts the process of mining bitcoins, obtained in the end, became the property of whoever produced them.
It should be noted that for the period from 2009 to 2014, bitcoin managed to grow in price in 20 000 times - from 5 cents to 1000 dollars. And analysts believe that this is not the limit.
Today for the production of bitcoin requires significant computing power of home PCs operations already "does not pull". But that is no reason for the rejection of mining. You can pay attention to the cryptocurrency that has not received such a global distribution. They have demands on capacity may be lower, and the prospects for speculative growth of quotations much higher than that of bitcoins.
The circulation of bitcoins or any other cryptocurrency is produced by the quite simple scheme: either through the exchange and the exchange or "hand in hand" - from one private person to another as payment for goods/services or in the course of making a purchase themselves money units.
Storing of cryptocurrency is produced in a special virtual wallet to which access can be obtained through the global network, or a client installed on your PC.
Recently , the high volatilnosti, the popularity of scriptvalium traders has increased significantly. Many brokers offer the cryptocurrency among traditional trading instruments like Forex, CFD and binary options.
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